Market Roundup

China’s export data exceeded expectations. The Hang Seng Index opened 152 points lower at 20,386 points but then turned positive, rising 415 points or 2.02% to close at 20,953 points. The China Enterprises Index rose 183 points or 2.5% to 7,547 points, and the Hang Seng Tech Index rose 103 points or 2.2% to 4,677 points. The total market turnover for the day was HK$ 219.7 billion. Today, consumer stocks performed well, with Haidilao (6862), China Resources Beer (291), and Li Ning (2331) rising 9.2%, 8.4%, and 5.7% respectively. However, Link REIT (823) gave back gains, falling 4.2%.

Source: KGI Investment Strategy

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